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Potts’s ambitions were unbounded: he believed that fast-freight companies, by controlling transshipping points, loading facilities, and specialized carriers like tank cars, could emerge as the freight balancer and rate-setter for all railroad traffic. The cross-ownership with the Pennsylvania ensured that the Empire’s facilities were designed to
... See moreCharles R. Morris • The Tycoons: How Andrew Carnegie, John D. Rockefeller, Jay Gould, and J. P. Morgan Invented the American Supereconomy
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Jim Hill worked incessantly at improving every aspect of the railroad’s structure and operation. He traveled back and forth along the line in his business car, looking for dips and bumps and spying out curves that could be straightened and grades that could be lessened. More than any other railroad leader of the day, he had an engineer’s passion
... See moreMichael P. Malone • James J. Hill: Empire Builder of the Northwest (The Oklahoma Western Biographies Book 12)
The SP&S proved to be the superb line that Jim Hill had promised; in fact, it was the best road he had ever built.
Michael P. Malone • James J. Hill: Empire Builder of the Northwest (The Oklahoma Western Biographies Book 12)
on February 21, 1804, in the presence of Homfray, Crawshay, and a government engineer who had come to observe. Trevithick wrote to a friend the next day, “We carried ten tons of iron in five wagons, and seventy men riding on them the whole of the journey … The gentleman that bet 500 guineas against it rode the whole of the journey with us, and is
... See moreTom Standage • A Brief History of Motion: From the Wheel, to the Car, to What Comes Next
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The 1862 Pacific Railway Act made yet another lavish grant of public lands to finance a railway line from the Missouri River to the Pacific Ocean, a dream of the prodevelopment party for more than twenty years. The undertaking was still at the very limits of current technology; the act needed several revisions to get the financing right; and the
... See moreCharles R. Morris • The Tycoons: How Andrew Carnegie, John D. Rockefeller, Jay Gould, and J. P. Morgan Invented the American Supereconomy
One of James J. Hill’s favorite themes, voiced repeatedly in the years to come, stressed the community of interest, the mutual interdependence, between the railroads and the regions they served. The two must, he reasoned, be rich or be poor together; and any regional carrier, even one with a de facto monopoly, would only harm itself if it gouged
... See moreMichael P. Malone • James J. Hill: Empire Builder of the Northwest (The Oklahoma Western Biographies Book 12)
But he realized better than others that the SP&P had great potential—if, that is, its lines could somehow be completed before the deadlines expired for completing the trackage and securing the land grants. As a steamboater on the Red, he knew the potential value of the farmlands lying along the Saint Vincent Extension, many of these lands the
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